India, April 2 -- The U.S. dollar dropped against its most major counterparts in the New York session on Wednesday ahead of the Trump administration's reciprocal tariff announcement later in the day.
Trump is scheduled to announce the new tariffs in a Rose Garden event at 20:00 GMT, with White House press secretary Karoline Leavitt indicating the new levies will be "effective immediately."
A report from Bloomberg said Trump's team is still finalizing the level and scope of the new import taxes he is slated to unveil.
Citing people familiar with the ongoing discussions, Bloomberg said the White House has not reached a firm decision on their tariff plan and continued to hash out their options in meetings on Tuesday.
Data from payroll proc...